قالب وردپرس درنا توس
Home / Business / China's fast-growing Starbucks rival Luckin Coffee had just released the Nasdaq TechCrunch

China's fast-growing Starbucks rival Luckin Coffee had just released the Nasdaq TechCrunch



China's Luckin Coffee has filed plans with the SEC to name Nasdaq and set a $ 100 million wildcard. This shows his submission.

Development comes less than a week after the 18-month The old company announced $ 150 million for Series B "Plus" financing, led by private equity firm Blackrock, which has 125 Millions of US dollars pumped into the company, which Luckin estimated at $ 2.9 billion Almost seven percent stake in Starbucks, the nearly 50-year-old American coffee house that has conquered the world and now in a devastating fight with the located in Beijing resident.

It is hard to blame Blackstone ̵

1; who has raised $ 126 billion (!) Himself in the past 12 months – for hedging his bets. While Starbucks now has a market capitalization of nearly $ 94 billion and its stock has more than doubled in the last five years, to currently $ 76 a share, Luckin has grown like Gangbuster, fueled by the more than $ 550 million it has so far including a $ 200 million series closed last July, and a $ 200 million round announced in December.

In fact, Starbucks has opened 3,600 stores in 150 cities in China since its launch on the market 20 years ago, Luckin has already opened 2,000 outlets, including prep kitchens and pick-up points in 22 cities. Amazing or crazy depending on your opinion, Luckin plans to more than double that number by the end of this year. Starbucks has announced plans to double the number of stores in China over the next five years.

Besides Blackrock, Luckin's supporters include Joy Capital, GIC, Legend Capital, Dazheng Capital, and Centurium Capital.


Source link